2024-05-15T08:54:11-04:00 2023-06-30 020626301 The Clairmount Group 28 West Adams Suite 300 Detroit MI 48226 990 2022-07-01 237310753 Accounting Aid Society ACCO 3031 West Grand Blvd Suite 470 Detroit MI 48202 Priscilla Perkins President and C 3135561920 2024-05-15 true Priscilla Perkins LaShanda Thomas P01489118 3136421102 2024-05-15 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z 3756124 false X www.accountingaidsociety.org X 1972 MI Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training. 22 22 67 264 0 0 3343311 3556927 89762 182920 2086 4577 -16305 -11974 3418854 3732450 0 0 2499155 2763650 0 327940 807002 948610 3306157 3712260 112697 20190 2357928 3225505 240118 1071574 2117810 2153931 Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training. false false 2544674 156000 Accounting Aid Society touches over 22,000 lives annually, with an economic impact of $33.7 million on low and middle-income households. More than 250 volunteers donate over 9,300 hours to helping our clients build a foundation for economic independence. These dollars are diverted directly back to southeast Michigan communities, often paying for basic needs such as food, utilities, transportation, and rent. Accounting Aid Societys services are designed to advance sustainable and equitable growth in Detroit neighborhoods and surrounding communities, to assist in gaining economic self-sufficiency, enabling our clients to prosper and share in the economic fabric of the region. 507654 26920 The Accounting Aid Academy guides micro-entrepreneurs in historically underserved neighborhoods to achieve sustainability and growth in their financial operations. Trained staff provides education and technical services to small business owners on topics that are instrumental in their success, such as tax preparation, record keeping, tracking revenue and expenses, financial statements, accounting software, and other issues identified by clients and staff. 3052328 true true false false false false false false false true true false false true true false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 67 true false false false false false true true false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true false false MI X Harry Fredrick Cook 3135561920 3031 West Grand Blvd Suite 470 Detroit MI 48202 Priscilla Perkins President and CEO 50.00 0.00 X X 142890 0 0 Harry Fredrick Cook Senior Director of Fin and Ad 50.00 0.00 X X 92387 0 0 Gregory A Nowak Director 2.00 0.00 X 0 0 0 David T Rehrauer Director 2.00 0.00 X 0 0 0 Nick Quigley Director 2.00 0.00 X 0 0 0 Bryan Kieler Director thru 392023 2.00 0.00 X 0 0 0 Ron Lang Director 2.00 0.00 X 0 0 0 Anthony McCree Director 2.00 0.00 X 0 0 0 Alan C Young Director 2.00 0.00 X 0 0 0 Micheal Dixon Directors 2.00 0.00 X 0 0 0 Deborah Gordon Directors 2.00 0.00 X 0 0 0 Steven Schwartz Director 2.00 0.00 X 0 0 0 Dion D Stevens Director 2.00 0.00 X 0 0 0 Brendan Sullivan Director 2.00 0.00 X 0 0 0 Terry Conley Director thru 162023 2.00 0.00 X 0 0 0 Patricia DeGiuli Director 2.00 0.00 X 0 0 0 Robert Zalewski Director - Immediated Past Ch 2.00 0.00 X 0 0 0 Kenneth Bluhm Director 2.00 0.00 X 0 0 0 Diane Dossin Director 2.00 0.00 X 0 0 0 Audrey Harvey Director 2.00 0.00 X 0 0 0 Tamara Johnson Director thru 552023 2.00 0.00 X 0 0 0 Richard Favor Director 2.00 0.00 X 0 0 0 Lisa Fort Director 2.00 0.00 X 0 0 0 LaShanda Davis Vice Chair 2.00 0.00 X X 0 0 0 Lisa Howze Chair 2.00 0.00 X X 0 0 0 John Anstett Treasurer 2.00 0.00 X X 0 0 0 Jeramey J Lynch Secretary 2.00 0.00 X X 0 0 0 235277 0 0 1 false false false 296666 94010 1357874 1808377 3556927 Accounting Aid Academy 900099 26920 26920 DTE Home Heating Credit 900099 150000 150000 Oakland Livingston 900099 6000 6000 182920 4577 4577 11700 94010 23674 -11974 -11974 3732450 187497 0 -11974 248802 49401 124401 75000 2132795 1883301 79032 170462 14168 11504 1459 1205 190708 154867 19926 15915 177177 146077 17039 14061 229855 186630 42626 599 67579 47312 4769 15498 56860 47692 4643 4525 177263 146216 14783 16264 212915 192771 11036 9108 46550 37798 4795 3957 20705 12130 7305 1270 Other Expenses 136883 136629 178 76 3712260 3052328 331992 327940 157176 689048 684125 225762 1263983 527760 56259 76509 564927 229287 108044 335640 88341 103821 1266965 2357928 3225505 240118 188847 882727 240118 1071574 X 1510372 1695916 607438 458015 2117810 2153931 2357928 3225505 20190 15931 0 X false true X true true true X 1638720 2221360 3167240 3244170 3462917 13734407 172989 187936 104111 89762 182920 737718 16500 10750 4750 4750 9500 46250 1828209 2420046 3276101 3338682 3655337 14518375 56362 44298 36215 34494 42514 213883 56362 44298 36215 34494 42514 213883 14304492 2676 2294 2924 2923 4577 15394 2676 2294 2924 2923 4577 15394 28800 82836 82036 193672 1859685 2422340 3279025 3424441 3741950 14727441 0.97130 0.97060 0.00000 0.00000 X Other income Part II line 10 or Part III line 12 This amount represents the net income from our 2023 Give Back Celebration Dinner. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43775 6035 49810 50605 -6830 43775 50605 11632 11605 27 50605 50605 2445 2405 40 50605 50605 3641 3600 41 50605 1.00000 true false 235741 27039 208702 203066 122467 80599 126120 79781 46339 335640 Beneficial Interest 12776 Operating Lease Right-of-use 841056 ERC receivables 413133 1266965 Operating Lease Liability 133087 Long Operating Lease Liability 749640 882727 4281521 15931 509466 525397 3756124 -23674 -23674 3732450 4245400 509466 23674 533140 3712260 3712260 Endowment funds intended uses (Part V, line 4) Endowment funds are permanently restricted endowment donations intended to be invested on a long-term basis in perpetuity. Future income on the endowment funds may be used for operations, unless otherwise directed by the Board of Directors, in order to fulfill the mission of Accounting Aid Society. Endowment funds should be invested in mutual or exchange traded funds whose performance is tied to a broad market index, such as an S&P indexed fund. Other revenues included on Form 990 (Part XI, line 4b) In Form 990, direct benefits to donor costs are shown as a revenue reduction. In the auditedfinancial statements, direct benefits to donor costs are shown as expenses. Other expenses not included on Form 990 (Part XII, line 2d) Direct benefits to donor expenses are included in the audited financial statements as expenses General Explanation Attachment Schedule D,Part XI in 2b - Donated Services - Contributed nonfinancial assets include donated professional services, and other in-kind contributions, which are recorded at the respective fair values of the goods or services received. In addition to contributed nonfinancial assets, volunteers contribute significant amounts of time to program services development activities. Contributed goods are recorded at fair value at the date of donation. AAS Gala 105710 94010 11700 13173 10501 105710 94010 11700 13173 10501 23674 -11974 Form 990 governing body review Part VI line 11 Each voting member of the Agencys governing body was emailed a questionnaire to assist the agency in gathering information necessary to complete questions on Form 990. Board member responses were incorporated into Form 990 and a draft of Form 990 and applicable schedules were reviewed by the director of finance, board treasurer, president, and finance & audit committee. After reviewing Form 990 and applicable schedules were posted to the Accounting Aid Societys board portal website for review and comment by the entire Board of Directors prior to filing. Conflict of interest policy compliance Part VI line 12c The Agencys bylaws prohibit board members and officers from direct or indirect contracts with the agency without full disclosure to and authorization by the agencys governing body. The contract must be authorized by a majority of the Board of Directors at a meeting at which the presence of such a member of the Board of Directors is not necessary for such authorization. The facts or nature of such interest must be fully disclosed and known to the members of the Board of Directors present at the meeting at which such contract is so authorized. The agency annually reviews this policy with board members and officers. CEO executive director top management comp Part VI line 15a The governing body of the agency reviewed individual performance measures, agency performance measures, compensation history, the employment contract, and comparable compensation data to determine compensation for the agencys President. The Presidents compensation is approved by the board and the deliberations are documented in writing. There are no other officers or key employees for the agency. Governing documents etc available to public Part VI line 19 The Agencys governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Additionally, these documents and others are provided to grant makers upon request. General explanation attachment In the 2023 tax season, Accounting Aid Society, with the help of over 300 highly trained volunteers and staff, filed 16,354 returns for our primary focus area (low-income) and 1,224 returns for our secondary focus area (Limited English Proficiency). Altogether, the agency filed 17,578 returns for low- and moderate-income households, which adds up to $29.9 million in refunds, credits, and savings for clients. The average refund a client received was $1,400, plus $300 savings in commercial tax preparation fees per household. Additionally, Accounting Aid saw a 14.5% increase in tax returns prepared over the 2022 tax season. Clients have a 99% probability of referring friends or family members to Accounting Aid. During the official tax season, we operated over 43 tax sites between the traditional in-person (20 sites), drop-and-go (3 sites), pop-up (19), and completely virtual (1 site) in four counties.We complete tax returns year-round and also help our clients obtain the HomeHeating Credit and complete applications to help Detroit homeowners obtain the Homeowners Property Tax Exemption (HOPE). Our Low Income Taxpayer Clinic (LITC) program continues to help low- and moderate-income individuals resolve disputes with the IRS, and our Accounting Aid Academy helped hundreds of micro and small businesses increase their financial acumen, expand their physical footprint, and become more creditworthy through the one-on-oneconsultation with our bookkeeper and financial analysts. Our numbers continue to rise as we have expanded our services in the city of Detroit and Macomb and Washtenaw Counties. We meet clients where they are through our collaboration with community partners in providing our mobile unit staff to provide services at senior centers and local libraries. We continue to make available remote tax prep and filing services via VITA ACE, which stands for Accessible, Convenient, and Electronic. It was among one of the first totally virtual volunteer income tax assistance programs approved nationally by the IRS, in addition to drop and go for non-in-person services. We extend services to those with limited English proficiency, all Accounting Aid marketing materials were made available in Spanish, Bengali, and Arabic, and bilingual tax preparation services were available at select tax sites. Efforts to ensure our projected numbers for the number of returns for ESL residents included: continued marketing and outreach, bilingual tax preparation services,Accounting Aid Society continues to build on unique ways to meet the organizations mission. The agency has demonstrated its unwavering commitment to our community. Please visit our website and review the 2023 Annual Report to learn more about our mission and impact.